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Carlyle Coutinho

In Conversation with Carlyle Coutinho, Chief Executive Officer, Enwave Energy Corp.

CIB Managing Director Hillary Thatcher joins Inuvialuit Regional Corporation at official opening of investment in a new natural gas and synthetic diesel facility.
Groundbreaking ceremony for future forest biomass cogeneration plant in Opitciwan, Que.
Wind turbine components are trucked to the Hamlet of Sanikiluaq.
Sign with layout plan for the future site of future Range Point subdivision.

Indigenous communities pioneering clean energy transition in Northern Canada

CIB helping communities with energy security

The Aéroports de Montréal and Canada Infrastructure Bank leaders are joined by political representatives at the announcement of a $1 billion CIB investment in Trudeau International Airport’s transformation.
Construction is underway on the new REM station at Trudeau International
A worker inspects the tunnel connecting the REM line to Montreal-Trudeau International Airport.
A rendering of the new terminal at Montreal Metropolitan Airport in Saint Hubert on Montréal’s south shore.
Representatives of the Canada Infrastructure Bank (CIB), WestJet , Calgary Airport, Lufthansa Technik and the Alberta government celebrate announcement of a new engine maintenance, repair and overhaul facility.

CIB invests more than $1.6 Billion to modernize Canada’s airports

Airport expansions help to drive economic growth

Corridors of Prosperity: Transforming the Future of Canada’s Trade Infrastructure Network

The Conference Board of Canada’s report explores how Canada can build a future-ready trade infrastructure network. Through consultations with industry stakeholders, researchers gained firsthand insights into the bottlenecks slowing the development of trade and transportation infrastructure. The report highlights examples of projects at different stages of readiness against four strategic pillars, 1) improving network efficiency and capacity 2) developing new product markets, 3) advancing Northern development and 4) climate change mitigation and adaptation. These pillars are designed to inform a long-term, forward-looking vision to optimize Canada’s trade network.

Build Big Things: A playbook to turbocharge investment in major energy, critical minerals and infrastructure projects

The Public Policy Forum’s Build Big Things report outlines 10 ways that Canada can accelerate investment in major energy and critical minerals infrastructure projects to drive economic growth. The report provides insights on how the government can fast-track projects to a final investment decision to get vital infrastructure projects built faster. It emphasizes the need for coordinated leadership and a unified national vision to boost competitiveness and unlock Canada’s potential. 

Breaking the Catch-22: How Infrastructure Banks Can Kickstart Private Investment and Overcome Market Failures

The C.D. Howe Institute released a report by Dr. Sebastien Betermier outlining how infrastructure banks around the world are a cost-efficient policy tool to address market failures and catalyze private investment in infrastructure. The research explores case studies of six infrastructure banks in Australia, California, Canada, the Nordic-Baltic region, Scotland and the UK, highlighting how they can be financially self-sufficient, respond to local priorities and build more infrastructure, faster.  

Community of CIB: Meet Martin Massé, Vice President, Public Affairs and Vice President, Sustainability, Aéroports de Montréal (ADM)

Public service has always been at the heart of my professional career, whether at the City of Montreal, the Quebec Government or today at Aéroports de Montréal (ADM). As an organization at the service of the community, I am deeply aligned with ADM’s mission to maintain harmonious coexistence with its surroundings.

As Vice President of Public Affairs and Sustainability, I’m proud of ADM’s ambitious goal to become net-zero by 2040 – 10 years earlier than the air transport industry’s commitment.  

Becoming net-zero will require us to move quickly to reduce our direct emissions while also working alongside communities to decrease emissions produced by travelling to the airport. That’s why we are aiming for 20 per cent of journeys to and from the airport to be made through public transport by 2030.   

Through a more efficient and reliable mode of transportation compared to what we have now in service, which is mainly buses, we are confident we will be able to reach this goal. The Réseau express métropolitain (REM) network, will play a critical role in connecting the Greater Montréal area to Aéroport-Montréal-Trudeau (YUL).  

The Canada Infrastructure Bank’s (CIB) financial contribution was essential to getting shovels in the ground and making the airport REM station a reality. 

At a time when the pandemic was especially hitting Canadian airports and ADM hard, and as we were looking to secure financing for the construction of the REM station, the CIB came through by providing a loan of up to $300 million. 

It recently followed that up with a $1 billion loan to support the airport’s 10-year, $10-billion transformation.

Through project financing, we saw firsthand the remarkable solidarity at all levels of government to enable a transit project benefiting the whole catchment area of the YUL airport, Quebec and our visitors.  

The REM will encourage passengers and airport employees to use more environmentally friendly modes of transportation and create a more welcoming airport, benefiting travellers, employees and the community. 

In working with the CIB, I have seen the organization’s desire to have a real impact by investing in net-zero communities and sustainable, world-class cities.  

We look forward to opening our station doors and welcoming more visitors and top talent to Montreal.

OUTCOMES AND KEY METRICS

10.2Mt
Average annual GHG reduction
175,372
Daily transit riders
466,057
Households with access to broadband
$1.4 billion
Average annual economic impact in trade and transportation
32
Projects benefiting Indigenous communities
234,148
Jobs created during construction

PARTNERSHIPS

  • Clean Power
  • Indigenous Infrastructure

Opitciwan Biomass

  • Long-term energy security and economic development for the community
  • Will cut current GHG emissions and prevent power outages
  • Steam energy from forest biomass
  • Green Infrastructure

Creative Energy Retrofits

  • Modernizing aged building systems to ensure efficient future performance
  • Cutting building portfolio emissions by more than 90%
  • Connecting clients in British Columbia and Ontario to district energy systems
  • Public Transit

BC Ferries Major Vessels

  • New vessels address reliability issues and enable electrification
  • Cleaner and quieter transportation for Vancouver-area commuters and tourists to Vancouver Island
  • Loan helps BC Ferries to upgrade its fleet, maintain service and projected demand
  • Green Infrastructure
  • Indigenous Infrastructure

Malahat Nation Water and Wastewater 

  • $57.6 million loan to help finance water facility upgrades and new wastewater plant
  • Will improve water quality and water safety for the community
  • Improved fire suppression capacity
  • Green Infrastructure
  • Indigenous Infrastructure

Rivers Edge Housing Enabling Infrastructure

  • $8.9 million loan to support enabling infrastructure for on-reserve housing
  • New infrastructure includes site preparation, utility upgrades and connections, roads and streetscaping, and electric vehicle charging stations
  • Providing subcontracting, employment and training opportunities for First Nations
  • Trade & Transportation

Strange Lake Critical Minerals Enabling Infrastructure

  • Represents the CIB’s first critical minerals investment
  • Advances early works and improvements to existing infrastructure
  • Mine includes light and heavy rare earths such as dysprosium and terbium
  • Green Infrastructure

Dream Industrial Retrofits

  • $50 million loan supports improvements to buildings in Alberta, Ontario and Quebec
  • Upgrades to 34 mid- and large-bay warehouses will improve energy efficiency and resilency
  • Full lifecycle of building systems to receive updates
  • Indigenous Infrastructure

Kwanlin Dün First Nation Enabling Infrastructure

  • Finances construction of critical enabling infrastructure to facilitate housing development
  • Accelerating construction timelines for more than 380 housing units
  • Ensures long-term, stable revenues for KDFN citizens
  • Clean Power
  • Indigenous Infrastructure

Anuriqjuak Nukkiksautiit Wind

  • Wind turbine and energy storage facility will replace up to 70% of diesel use
  • Creating 20 full-time jobs at peak of construction
  • Community to gain a secure, reliable source of energy
  • Green Infrastructure

Scotiabank Retrofits

  • Accelerate upgrades across Scotiabank’s commercial real estate client network
  • Reducing building emissions by at least 30%
  • Expand access to financing for building owners who typically don’t qualify
  • Clean Power
  • Indigenous Infrastructure

Mesgi’g Ugju’s’n 2 Wind Farm

  • CIB is lending $108.3 million towards the MU2 wind energy project
  • Mi’gmaq communities collaborating with Innergex Renewable Energy
  • Will create 150 construction jobs and cut 150,000 tonnes of emissions annually
  • Clean Power

Wedgeport Wind

  • Up to 85 jobs created at peak construction, plus full-time operations opportunities
  • 12 new Nordex seven-megawatt wind turbines to be built
  • Will produce reliable, low-cost electricity to power more than 30,000 homes and businesses
  • Clean Power
  • Indigenous Infrastructure

Duchess Solar

  • More than 100 jobs at peak of construction, long-term, full-time opportunities
  • CLFN majority ownership supported by Indigenous Equity Initiative loan
  • Supports future economic development opportunities
  • Clean Power
  • Indigenous Infrastructure

Weavers Mountain Wind

  • Weavers Mountain will generate 94.4 MW of clean, renewable power
  • Desjardins Group to provide $105.6 million credit facility
  • Estimated to create approximately 150 jobs during construction phase
  • Wind farm to be majority owned by Glooscap First Nation
  • Trade & Transportation
  • Indigenous Infrastructure

Enoch Cree Nation Northeast Development

  • Directly financing construction of water and wastewater mains, roads, utility connections and upgrades
  • Mixed-use development will diversify Enoch Cree Nation’s economy and create self-sustaining future
  • 800+ direct and indirect jobs, First Nation’s heavy civil construction company on site
  • Clean Power

Wasoqonatl Transmission Line

  • $217 million equity investment towards construction of new transmission line
  • Working to finalize a loan to WMA to finance part of Indigenous ownership stake
  • Enhances grid connectivity, resiliency and renewable energy integration
  • Green Infrastructure

JOLT EV Charging Network

  • Installation of up to 1,500 new fast charging ports in urban centres
  • Up to 7kWh of free charging per car, per day
  • Alleviating EV user range anxiety and supporting more adoption
  • Green Infrastructure
  • Indigenous Infrastructure

Inuvialuit Energy Security Project

  • Facility will be wholly owned by the Inuvialuit, directly benefitting six Inuit communities
  • Reduces reliance on transporting fuel from southern regions
  • Creates long-term jobs and economic opportunities for the Inuvialuit
  • Trade & Transportation

South Kaien Logistics Park

  • Converts land near port into serviced lots in advance of a logistics facility
  • Logistics facility will increase trade volumes, expand storage and transit times at the port
  • First port investment under the Indigenous Community Infrastructure Initiative (ICII)

Do you have infrastructure projects that we can help to accelerate?

CONTACT US

Investment proposals: investments@cib-bic.ca
Corporate: contact@cib-bic.ca
Media: media@cib-bic.ca